FxWirePro: USD/SEK rebounds from 2-month lows, struggles to break below 8.6000
The Swedish Krona retreated from an over 2-month high as the greenback attempted a minor recovery. The dollar index rebounded from a 2-month low amid growing expectations that a calmer White House could boost world comme…
The Swedish Krona retreated from an over 2-month high as the greenback attempted a minor recovery.
The dollar index rebounded from a 2-month low amid growing expectations that a calmer White House could boost world commerce and that monetary policy will remain easy.
The greenback against a basket of currencies traded 0.1 percent up at 92.34, having touched a low of 92.13 earlier, its lowest since September 1.
USD/SEK trades 0.1 percent higher at 8.6320, having hit a low of 8.6018 earlier, its lowest since September 1.
Immediate resistance is located at 8.6636, any close above could take it above 8.7000.
On the lower side, support is seen at 8.5840, break below could take it till 8.5630.
